Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1887-01-14
OLYMPIA, FRIDAY EVENING, JAN. II, 1851
A Plan for Cooperation.

Mr.. Hoffman has under cOn>idcra-
tion project for the organization OF
the "Olympia Cooperative Trading
and Manufacturing Company" the
purpose OF which will be to unite the
interests OF capital and labor in var
ious industrial pursuits, and making
each dependent upon general results
for the profits distributed annually,
after all bills have been paid on net
cash basis. The scheme embraces the
,velopment of all branches of useful
labor; the manufacture Of wood, iron
and tin ware, shipbuilding, fruit and
fish canneries, and kindred enterprises
that may he established on the coop
erative principle, and in which skilled
labor may be assured living wages
with share in the profits OF the yearly
dividend. Theoretically, the plan
gives promise of sure and satisfactory
results, and reduced to practice it will
undoubtedly stop many of the leaks
whereby the lifc-giving current, money,
is lost to the community by being sent
abroad for many articles of daily de-
mand
To illustrate the plan of operations,
suppose the company concludes to
build a ship. Say the necessary lum-
Der and timbers used in its construc-
ton will cost $4,000. The company
contracts with our millmen to supply
that material for say 81 900 cash and
a rroportiOnate share in the amount
realized for the vessel when she is sold.
The ship carpenters are given labor on
the vessel at one-half the usual per
diem in cash and an equitable share in
the dividend, and so on with reference
to every item that enters into con-
struction that can be supplied in the
home market. When the ship is
ready for service, if not sold, she is inn
mediately loaded with cargo, pro-
vided under similar rules, and sent to
some port where contingent sale has
already been provided for of the ship
ment, and where a return cargo can be
secured of such articles of import as
will pay the largest margin of profit.
This, with notifications, outlines the
scheme on which the entire business
will be conducted.
As further illustration: The COM
pany proposes the manufacture OF tin
ware. Workmen will be employed on
the cooperative plan, and statesmen
will visit the several towns apd estab-
lish agencies for its sale, thus bringing
many adjacent communities in close
business relations with our own. The
same plan will be pursued in the man.
ufacture of wagons, carts, wheelbar-
rows, brooms, tubs, buckets, and kind
red supplies now imported, making
large area of country tributary to the
business center at Olympia.
The proposed company has been
formed, and $4,000 of the contemplate
ed issue of $4,000 stock is already
subscribed. This will be increased as
the business capacity is developed.
The stock will be issued in non-assess-
able shares of 800 each, and it is pro-
posed to pay cash for all supplies i'm
ported necessary for the successful
prosecution of the business. This will
ensure the lowest rates, and add no in
considerable sum to the total for an
nual dividends, and guarantee the sta
bility Of all the company's operations.
The project is worthy of the serious
consideration of those who have money
to invest and are really DESTROYS of
formulating some plan for relieving
the past stagnation OF business.